Origis Energy, a vertically integrated renewable energy platform provider and solar project developer, closed an investment of $340 million in tax equity capital to support a 413 MW utility-scale solar project in Ector County, Texas.
Crux Capital Securities, Crux’s registered broker-dealer, underwrote and structured the investment, which is backed by investment-grade-rated capital. The investment is made through a Crux-managed vehicle with Origis Energy as a hybrid partnership flip designed to optimize monetization of its federal investment tax credits through the use of transferability.
As per the release, Hybrid tax equity strategies make up the majority of tax equity investments, and transfers out of tax equity are the fastest-growing part of the market. According to Crux’s market data, hybrid tax equity structures, which are structured to transfer a portion of the tax credits, made up more than 75% of all tax equity investments in 2025.
The project is expected to commence operations in the second half of 2026. Once operational, the project is estimated to generate more than 900 GWh of solar energy per year for the local grid and is projected to drive $68 million of property tax revenue for Ector County.
“This investment reflects how the tax equity market is evolving toward more integrated, flexible structures that unlock capital efficiently and at scale,” said Yonette Chung McLean, Head of Investments and Crux Capital Securities. “Origis Energy is a best-in-class developer building high-quality projects. By bringing together tax equity, transferability, and investment-grade capital within a single structure, Crux was proud to support Origis in advancing a project that will deliver long-term value for Texas communities and the broader grid.”
Previously, in December, the company secured $290 million for the Swift Air Solar II and Swift Air Solar III projects totaling 313 MW in Ector County, Texas, and $415 million in financing to develop the 145 MW Swift Air solar project, also located in Texas.
Large-scale project funding increased by 37% in 2025 compared with the funding raised in 2024, according to Mercom’s recently released Annual and Q4 2025 Solar Funding and M&A report.
